We’ve finally reached Aug. 1 and it means two things: The kids are about ready to go back to school and Congress is headed home for the month. We’ve finally reached the August recess; this is when legislators have the opportunity to spend an entire month back in their districts. We’ll be seeing a lot of town halls over the …
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Oklahoma Bankers Hall of Fame accepting nominations for 2023
The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2023 class; additionally, the process of selecting inductees has been updated. First, for those interested in nominating a banker, here are some downloadable forms on OBA.com – please return all nominations to Adrian Beverage (adrian@oba.com) by Aug. 31. Second, there is a new process for selecting the …
Read More »Federal judge halts Section 1071 implementation
A Texas federal judge issued an order on July 31 for an injunction against the Consumer Financial Protection Bureau’s Section 1071 final rule. The injunction, which came at the request of the American Bankers Association, the Texas Bankers Association and McAllen, Texas-based Rio Bank, is ONLY for member banks of the ABA and/or TBA. Although both trade associations asked for …
Read More »Executive News: FDIC guidance caused heartburn for community banks
Summer is officially here and the temperature outside is heating up. The same can be said for what’s happening in Washington, D.C., but for now, all the heat is coming from the regulatory side and some action in congressional hearings. In August, you might recall th e FDIC issued a Supervisory Guidance on Multiple Re-Present NSF Fees. The initial guidance …
Read More »‘Durbin 2.0’ rears head again within Congress
The Credit Card Competition Act has returned to Congress. This same legislation was introduced late last year and the supporters of this measure tried feverishly to get it passed in the last couple of days during the 117th Congress. We greatly appreciate all the members who stood strong for community banks and opposed this measure at every turn. We have …
Read More »Executive News: No bow tied on 2023 legislative session yet
We have finally reached June and you know what that means: The Oklahoma legislature has gone home and we can all enjoy the summer. Unfortuna tely, it isn’t the case this year. The regular session did adjourn on May 26, but the special session has yet to adjourn. Early in May, the legislature started a special session to run concurrently …
Read More »Agencies issue host state loan-to-deposit ratios
Federal bank regulatory agencies issued last month the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace those from June 2022. Oklahoma moved to 76% in the ratios released. Other neighboring states were as follows: Arkansas — 72%. Colorado — 65%. Kansas …
Read More »Executive News: State legislative session nears finish line
We are six weeks out from the end of the legislative session which means we are two weeks away from what is often referred too as the “silly season.” The last four weeks of session is when bills come out of nowhere, and it seems, at times, like there aren’t any rules. I don’t necessarily intend to speak negatively of …
Read More »New OBA fraud training video available
The number of bank robberies in Oklahoma, as well as nationwide, has remained consistently low for the past few years. It is still critically important, however, our banks train for the “when” and not “if” as the safety of all our bankers and customers is a primary goal. The OBA has created an updated training video via Zoom, which features …
Read More »OBA Convention lands in Norman
The 2023 OBA Convention and Trade Show will make its appearance in early May when it will be held on May 8-10 at the Embassy Suites in Oklahoma City. This year’s theme is centered around the Oklahoma Bankers Association and Oklahoma banking family. The OBA and its member banks constitute a family … and the family is made up of …
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